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Felix Gold announces drilling results at Alaska’s Northwest Array
Yahoo Finance· 2026-02-13 15:38
Core Insights - Felix Gold has reported significant drilling and trenching results from the Northwest Array at Treasure Creek, indicating notable extensions to gold mineralisation [1][3] - The Treasure Creek Project spans 11,687 hectares in the Fairbanks Mining District of Alaska, which is known for its rich gold resources [1][5] Drilling and Trenching Results - The drilling program focused on the orientation and continuity of stibnite veins and breccia units, supporting waste rock characterisation and near-term production studies [2] - High-grade gold findings include a trench (25NWTR001) revealing 67m of gold mineralisation over a 90m section, extending the mineralised corridor into newly acquired territory [3] - Notable drill results include hole 25TCDC020 with 47.36m at 1.34 grams per tonne (g/t) gold, hole 25TCDC004 with 15.71m at 2.91g/t gold, and hole 25TCRC003 with 13.72m at 2.83g/t gold [4] Exploration Potential - Felix Gold is the largest landowner in the Fairbanks Gold Mining District, which contains 831,000 ounces of Joint Ore Reserve Committee gold resources and significant exploration potential over more than 1,500 km² [5] - The district has historically produced over 16 million ounces of gold and includes notable operations such as Kinross Gold's Fort Knox mine, located 30km from the NW Array [5] Future Assay Results - Pending assay results include 44 diamond holes and 18 reverse circulation (RC) holes for gold, as well as 45 diamond and six RC holes for antimony and multi-element content [4][6] - Recent assay results from 39 drill holes provide insights into both low-grade bulk and high-grade gold mineralisation geometry [6] Executive Commentary - Felix Gold's executive director highlighted the recent trenching results, confirming the mineralised system extends at least 130m further west, remaining open in all directions [7]
Critical One Energy Receives Ontario Government Funding Grant for Howells Lake Antimony-Gold Project Exploration Work
TMX Newsfile· 2026-02-13 11:50
Core Viewpoint - Critical One Energy Inc. has received official approval for funding under the Ontario Junior Exploration Program to support its Howells Lake Antimony-Gold Project, which is significant for the exploration of critical metals and minerals in Ontario [1][2]. Funding and Project Details - The Ontario Junior Exploration Program (OJEP) grant will assist in offsetting costs related to grassroots mineral exploration projects, specifically focusing on high-potential sites for critical and precious minerals in northern Ontario [2]. - The funding will enable the company to accelerate drilling activities while ensuring responsible exploration practices that prioritize community engagement and ecological stewardship, with enhanced activities expected to commence in spring 2026 [3][4]. Project Significance - The Howells Lake Project is one of Canada's largest undeveloped antimony systems, with a historical resource of 1.7 million tons at a grade of 1.4% antimony, along with associated gold mineralization [5]. - Historical drilling has shown exceptional grades, including assays up to 75% antimony and over 14 g/t gold, indicating the project's potential to meet North America's growing demand for critical minerals amid supply chain constraints [5]. Company Commitment - The company emphasizes its commitment to transparency and collaboration with local Indigenous communities and stakeholders throughout the project lifecycle [4]. - Critical One Energy Inc. is strategically positioned to leverage its expertise in critical minerals, particularly antimony and gold, to address the rising global demand for these resources [9].
A.I.S. Resources’ Saint John Copper/Gold/Antimony Project Gets TSXV Acceptance
Globenewswire· 2026-02-13 11:30
Core Insights - A.I.S. Resources Limited has received TSXV Exchange acceptance for an earn-in agreement with Riversgold Ltd, allowing AIS to acquire up to a 75% interest in the Saint John IOCG/Porphyry Project in New Brunswick, Canada [1][2] Project Overview - The Saint John Project is a district-scale IOCG/porphyry exploration target, providing exposure to precious metals like gold and silver, as well as copper and antimony [3] - The project spans 101 km² in a Tier-1 mining jurisdiction, located 20 km west of Saint John and 50 km from the U.S. border, benefiting from excellent infrastructure [4] Transaction Terms - AIS will issue 2,860,000 shares at $0.05 per share to Riversgold to earn a 51% interest, requiring expenditures of CAD $400,000 in Year 1 and CAD $1 million in Year 2 for exploration and drilling [6] - To increase its interest to 75%, AIS must spend an additional CAD $3 million over Years 3-4 on drilling and early development work [6] - Riversgold retains a 25% free-carried interest until a decision to mine is made, with provisions for dilution and conversion to a 2% NSR if below 10% [6] Geological Highlights - Surface samples from the Roadside Quarry show gold up to 41.6 g/t, silver up to 1,600 g/t, copper up to 7.64%, and antimony greater than 1% [7] - The Prince of Wales Prospect has surface samples showing gold up to 11.4 g/t, silver up to 1,050 g/t, and copper up to 10.55% [9] - The Hideaway Prospect has surface samples with gold up to 1.7 g/t and copper up to 2.01% [10] Next Steps - AIS plans to expand drone MobileMT and IP surveys across the project and refine drill targets with a budget of approximately CAD $300,000 [13] - A maiden 2,000m drilling program is approved for 2025/2026 at the Little Lepreau Prospect [8]
A.I.S. Resources' Saint John Copper/Gold/Antimony Project Gets TSXV Acceptance
Globenewswire· 2026-02-13 11:30
Core Insights - A.I.S. Resources Limited has received TSXV Exchange acceptance for an earn-in agreement with Riversgold Ltd, allowing AIS to acquire up to a 75% interest in the Saint John IOCG/Porphyry Project in New Brunswick, Canada [1][2] Project Overview - The Saint John Project is a district-scale IOCG/porphyry exploration target, providing exposure to precious metals like gold and silver, as well as copper and antimony [3] - The project spans 101 km² in a Tier-1 mining jurisdiction, located 20 km west of Saint John and 50 km from the U.S. border, benefiting from excellent infrastructure [4] Transaction Terms - AIS will issue 2,860,000 shares at $0.05 per share to Riversgold to earn a 51% interest, requiring expenditures of CAD $400,000 in Year 1 and CAD $1 million in Year 2 for exploration and drilling [6] - To increase its interest to 75%, AIS must spend an additional CAD $3 million over Years 3-4 on drilling and early development work [6] - Riversgold retains a 25% free-carried interest until a decision to mine is made, with provisions for dilution and conversion to a 2% NSR if below 10% [6] Geological Highlights - Surface samples from the Roadside Quarry show gold grades up to 41.6 g/t, silver up to 1,600 g/t, copper up to 7.64%, and antimony greater than 1% [7] - The Prince of Wales Prospect has surface samples with gold up to 11.4 g/t, silver up to 1,050 g/t, and copper up to 10.55% [9] - The Hideaway Prospect shows gold up to 1.7 g/t, silver up to 8 g/t, and copper up to 2.01% [10] Next Steps - AIS plans to expand drone MobileMT and IP surveys across the project and refine drill targets with a budget of approximately CAD $300,000 [13] - A maiden drilling program of 2,000 meters is approved for 2025 [8]
Alkane Resources Announces Record Operating & Record Financial Results for Q2 and H1 FY2026
Globenewswire· 2026-02-13 03:10
Core Insights - Alkane Resources Limited reported its strongest quarter in history, driven by high gold and antimony prices, resulting in record revenues of A$256.7 million for Q2 2026 and A$403.9 million for the first half of FY 2026 [4][10][7]. Financial Highlights - The company produced a record 42,767 ounces of gold and 267 tonnes of antimony in Q2 2026, contributing to a total of 74,094 gold equivalent ounces for the half-year [4][7]. - Adjusted EBITDA for Q2 2026 was A$147.2 million, with cash generated from operating activities amounting to A$106.3 million [16][7]. - Net profit for Q2 2026 was A$67.6 million, translating to earnings per share of 4.95 cents, compared to A$1.9 million and 0.31 cents per share in Q2 2025 [8][16]. Production and Cost Metrics - Cash operating costs per ounce of gold equivalent produced were A$2,031 in Q2 2026, down from A$2,249 in Q2 2025, reflecting a 19% decrease due to increased production [12][27]. - All-in sustaining costs (AISC) per ounce of gold equivalent produced decreased to A$2,739 in Q2 2026 from A$3,408 in Q2 2025 [14][23]. - The company ended the quarter with a robust cash position of A$246 million, comprising A$218 million in cash and A$28 million in bullion and liquid investments [17][7]. Operational Performance - The Tomingley operation produced 22,089 ounces of gold in Q2 2026, with cash operating costs of A$1,811 per ounce, a significant decrease from A$2,249 in the previous year [19][27]. - Costerfield produced 11,686 gold equivalent ounces with cash costs of A$1,701 per ounce, while Björkdal produced 9,888 ounces at A$2,910 per ounce [31][34]. - Consolidated gold equivalent production for Q2 2026 was 43,663 ounces, a substantial increase from 30,511 ounces in Q1 2026, attributed to the full quarter of production from Björkdal and Costerfield [22][17]. Future Guidance - Alkane expects to meet its FY 2026 guidance, projecting gold production of 149,000 to 161,000 ounces and antimony production of 750 to 850 tonnes [36][35]. - The company anticipates all-in sustaining costs to range between A$2,600 and A$2,900 per ounce for the fiscal year [36].
Small Cap Watch: Earnings and capital raises set tone in early small-cap news
Yahoo Finance· 2026-02-12 23:02
Small Cap Watch: Earnings and capital raises set tone in early small-cap news Proactive uses images sourced from Shutterstock ASX small caps are facing a cautious end to the week after a sharp global tech-led sell-off overnight and a late slump in commodity prices, with early company updates relatively light so far this morning. The Small Ordinaries fell 1.76% yesterday, underperforming the broader ASX 200, as volatility in tech and healthcare spilled into emerging names. Against that backdrop, a handful ...
Leading Proxy Advisory Firms ISS and Glass Lewis Affirm Recommendation That LabGold Shareholders Vote ONLY the BLUE Proxy and Reject Dissident Attempt to Seize Control
Globenewswire· 2026-02-12 16:39
ISS recommends shareholders ONLY vote on the BLUE Proxy in line with LabGold’s recommendationsISS states that the Dissident “has not presented a compelling case for any level of change, let alone a majority position” and advises shareholders to support all LabGold Nominees and long-term strategyDon’t delay. Vote BLUE today, well in advance of the voting deadline on February 20, 2026 at 11:00 a.m. (Toronto time)For assistance contact Kingsdale Advisors at 1-888-518-6813 (toll-free in North America), contactu ...
Novo Resources Business Update
Globenewswire· 2026-02-11 22:00
Figure 10: Balla Balla Project with tenure, priority prospects and previous gold results from AC drilling in 2025 over interpreted geology and aeromagnetics. Red polygons define follow up drill target areas. Figure 11 Sherlock Crossing RC cross section showing key Au-Sb intercepts and As geochemistry. Carbonate alteration is strengthening, and mineralisation is open at depth. Picture 2 Picture 2 Picture 3 Picture 3 HIGHLIGHTS The Exploration Target at the Belltopper Gold Project in Victoria, ...
Maxus Mining Highlights Strong Polymetallic Results at the Alturas West Property in British Columbia, Canada
Globenewswire· 2026-02-11 13:00
Core Insights - Maxus Mining Inc. has reported promising results from its 2025 field program at the Alturas West Property, indicating a strong polymetallic mineralization system with significant antimony and high-grade silver [3][5][10] Group 1: Exploration Results - The 2025 field program highlights the polymetallic signature of the Alturas West Project, with notable assay results including 430 g/t silver, 1,410 ppm antimony, and other valuable metals [5][8] - Sample G018729, taken from a mineralized mine dump, showed elevated levels of silver (430 g/t), copper (0.35%), lead (0.16%), zinc (0.34%), and antimony (1,410 ppm), indicating a well-developed mineralization signature [8][10] - The presence of antimony alongside silver, copper, lead, and zinc supports the interpretation of a focused, structurally controlled mineralizing system [3][10] Group 2: Strategic Location and Historical Context - The Alturas West Project is strategically located in the Slocan Mining District, which has a rich history of mining and provides access to existing infrastructure, facilitating exploration activities [5][6] - Historical assessment reports and previous exploration programs have identified favorable geology and targets for potential mineralization, which have been integrated into the current exploration strategy [6][10] Group 3: Future Exploration Plans - The results from the 2025 program suggest that future exploration should focus on detailed structural mapping and targeted sampling along known structural trends, particularly in the east-west shear zone [10] - The company believes that the integration of new findings with historical data will reveal clear upside potential and meaningful follow-up opportunities as exploration progresses [3][10]
New Age Metals Expands Its PGM-NI-CU Portfolio With Strategic Lac Des Iles Acquisition In Northwestern Ontario
Thenewswire· 2026-02-11 12:15
Core Viewpoint - New Age Metals Inc. has acquired the Platreef PGM Project, enhancing its position in the platinum group metals sector and aligning with Canada's Critical Minerals Strategy [1][3][4]. Company Overview - New Age Metals is a junior mineral exploration and development company focused on critical green metal projects in North America, with divisions in Platinum Group Elements, Lithium/Rare Metals, and Antimony-Gold [14][15]. Acquisition Details - The Platreef PGM Project consists of 834 mining claims covering approximately 16,680 hectares (about 41,200 acres) in Northwestern Ontario, located within the Lac des Îles Igneous Complex [5][7]. - The project is strategically positioned near Canada's only primary palladium mine, operated by Impala Canada Ltd., which has proven and probable mineral reserves of 40.9 million tonnes grading 2.31 g/t Pd [10]. Strategic Importance - The acquisition strengthens the company's PGM Division and enhances its strategic footprint in a well-established mining district with robust infrastructure and year-round exploration potential, approximately 80 km from Thunder Bay [2][5]. - The project aligns with the Government of Canada's recognition of platinum group metals as critical minerals essential for emissions control technologies and clean energy systems [3]. Exploration Potential - The geological setting of the Platreef PGM Project is interpreted to be prospective for intrusion-hosted PGM-Ni-Cu mineralization, supported by historical exploration data indicating the presence of magnetite-bearing gabbroic intrusions and sulphide-bearing zones [8][11]. - Historical exploration has identified multiple untested or underexplored intrusive and geophysical targets across the property [5][8]. Community Engagement - The company plans to engage and consult with local First Nations, adhering to its policy of meaningful collaboration with Indigenous communities [5]. Future Plans - New Age Metals intends to advance the Platreef PGM Project through a phased exploration program aimed at refining geological understanding and defining priority targets for potential drill testing [11].